GiannisAnte34 wrote:what do you guys think about alternative energy stocks? someone here posted about HSYR and FCEL years ago before they rocketed. now they're at a dipping point, good time to enter?
With how far the tech stocks have stretched the top of the market, I think the energy and basic material sectors are looking pretty attractive right now, especially with some of the valuations having dropped significantly since 2022.
I just put some cash into LAC, which I believe is a great buy and hold stock. Got in at their 52-week low of $2.02, the stock has been at $10.58 in the last year (around $2.71 today). LAC has exclusive rights to the Thacker Pass project (which admittedly, has been delayed), but it was the largest US federal investment ($2.26B) in a lithium mine ever, and if you think EV cars will bounce back, it's at a great price for buy and hold. I know they have at least one major car manufacturer contracted into the mine.
https://nevadacurrent.com/2024/03/15/lithium-americas-to-get-massive-federal-loan-to-develop-thacker-pass-mine/I also like GEVO, as I mentioned above, but I'm not buying more until earnings which I believe are next month. If it dips, I likely buy more, because I do believe in their product and their leadership, but they are also a major long-term hold due to current financials and (lack of) profitability.
